Match Group, Inc. (NASDAQ:MTCH) Shares Bought by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC boosted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 29.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,588 shares of the technology company’s stock after acquiring an additional 3,500 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Match Group were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MTCH. Acadian Asset Management LLC raised its stake in shares of Match Group by 73.8% during the 1st quarter. Acadian Asset Management LLC now owns 2,082 shares of the technology company’s stock worth $224,000 after buying an additional 884 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Match Group by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 840,248 shares of the technology company’s stock worth $91,374,000 after buying an additional 26,902 shares in the last quarter. Aviva PLC raised its stake in shares of Match Group by 4.0% during the 1st quarter. Aviva PLC now owns 90,746 shares of the technology company’s stock worth $9,868,000 after buying an additional 3,455 shares in the last quarter. Prudential PLC purchased a new position in shares of Match Group during the 1st quarter worth approximately $279,000. Finally, Vanguard Group Inc. increased its stake in Match Group by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company’s stock valued at $3,170,951,000 after purchasing an additional 500,418 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citigroup raised their price objective on Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of Match Group in a research note on Wednesday, March 27th. Morgan Stanley downgraded Match Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $53.00 to $37.00 in a research note on Thursday. Raymond James assumed coverage on Match Group in a research report on Thursday, April 4th. They set a “market perform” rating for the company. Finally, StockNews.com downgraded Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Match Group currently has an average rating of “Moderate Buy” and an average price target of $43.95.

Match Group Stock Down 0.6 %

Shares of MTCH stock traded down $0.20 during mid-day trading on Friday, hitting $32.02. 873,683 shares of the company’s stock were exchanged, compared to its average volume of 5,789,560. Match Group, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $49.24. The stock has a 50-day simple moving average of $35.06 and a two-hundred day simple moving average of $34.85. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.51 and a beta of 1.41.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.32. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The business had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $861.31 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. As a group, analysts anticipate that Match Group, Inc. will post 2.17 earnings per share for the current fiscal year.

Match Group Company Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.